CSR expenditure

[Sanjeev Jain]

Is 80 G deduction allowed on payments made for CSR expenditure if such entities are registered for the purpose of Sec-80G?

AI Summary

CSR Expenditures Do Not Qualify for Section 80G Tax Deductions; Not Considered Business Expenses or Eligible Donations. A user inquired whether payments made for Corporate Social Responsibility (CSR) expenditure qualify for a Section 80G deduction if the entities are registered under this section. The response clarified that CSR expenditures are not eligible for specific tax exemptions and are not considered business expenses. Section 80G deductions apply to donations made to specific funds or institutions, provided they issue a certificate confirming separate accounting and non-use of donations for business purposes. Consequently, CSR expenditures do not qualify for 80G deductions.